National Health Investors, Inc. (NHI)

National Health Investors Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	140.79	136.64	134.38	65.5	-20.59
Depreciation & Amortization	83.85	74.34	72.49	78.44	14.97
Stock-Based Compensation	5.58	4.18	4.61	8.61	-
Other Adjustments	2.54	-12.93	-33.73	35.34	1.54
Change in Receivables	-	-	-	-	-0.77
Changes in Accounts Payable	5.49	3.29	5.93	0.43	0.19
Changes in Accrued Expenses	-	-	-	-	0.98
Changes in Unearned Revenue	1.71	-1.14	0.1	0.41	-
Changes in Other Operating Activities	0.06	-1.9	-0.71	-3.53	-24.64
Operating Cash Flow	236.56	207.77	184.45	185.34	-28.33
Operating Cash Flow Growth	13.86%	12.64%	-0.48%	-	-
Capital Expenditures	-294.03	-157.93	-49.56	-10.99	-9.22
Sale of Property, Plant & Equipment	-	6.18	57.03	168.96	0
Purchases of Investments	-71.11	-60.41	-35.63	-79.8	-
Proceeds from Sale of Investments	92.33	19.45	13.47	119.21	-
Other Investing Activities	3.66	0.4	3.06	0.57	0
Investing Cash Flow	-269.15	-192.32	-11.63	197.95	-9.22
Short-Term Debt Issued	694	449.7	364	225	5.77
Short-Term Debt Repaid	-821.2	-363.5	-161	-183	-8.27
Net Short-Term Debt Issued (Repaid)	-127.2	86.2	203	42	-2.5
Long-Term Debt Issued	346.16	-	200	-	-
Long-Term Debt Repaid	-200.82	-75.44	-415.43	-135.39	-0.19
Net Long-Term Debt Issued (Repaid)	145.35	-75.44	-215.43	-135.39	-0.19
Issuance of Common Stock	181.53	142.39	-	-	-
Repurchase of Common Stock	-0.46	-5.82	-	-152.24	-
Net Common Stock Issued (Repurchased)	181.08	136.58	-	-152.24	-
Common Dividends Paid	-169.7	-156.51	-156.24	-161.77	-
Other Financing Activities	-3.82	-4.4	-1.05	6.14	32.89
Financing Cash Flow	25.71	-13.57	-169.72	-401.25	30.2
Net Cash Flow	-6.88	1.89	3.1	-17.97	-7.35
Free Cash Flow	-57.47	49.84	134.89	174.35	-37.55
Free Cash Flow Growth	-	-63.06%	-22.63%	-	-
FCF Margin	-15.30%	14.87%	42.18%	62.67%	-27.14%
Free Cash Flow Per Share	-1.22	1.13	3.11	3.89	-0.82
Levered Free Cash Flow	99.37	203.27	287.09	104.16	-41.64
Unlevered Free Cash Flow	-8.89	99.85	205.38	146	-37.68

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q